Sales Tax Institute

Our Project Manager, Sean Portwood, has been recognized as a finalist for the Wrike Elite 100! We're so grateful for Sean's expertise, efficiency, and attention to detail, making him the perfect candidate for this honor. Find out more here! #WrikeElite100 #SalesTaxNerd https://lnkd.in/gceisvZd

Taxability update for Pennsylvania: The tech industry is cutting-edge- always innovating, discovering new methods, and expanding the horizons of our possibilities. State and local tax can often be the opposite- legislation moving at a snail's pace and complicated rules making processes more challenging. But what do they have in common? There are always changes. Take a look at this case which brings tech and tax together: Pennsylvania recently ruled that two important tech transactions are taxable in the state: Cloud Computing and Support Services for Canned Computer Software. This is a big change, one you need to know about if you work in this industry or in Pennsylvania. #Software #Pennsylvania #Tax

How do I know when to pay sales tax in Florida? Understanding Florida's marketplace nexus is importantfor online sellers and tax professionals. Whether you're a third-party seller or managing an e-commerce platform, this video breaks down how Florida's marketplace nexus rules could impact your sales tax obligations. Learn about the thresholds, compliance requirements, and what you need to do to avoid penalties. #MarketplaceNexus #SalesTax #FloridaTax #Ecommerce

Think you know your sales tax? Put it to the test. What is Alabama’s state sales tax rate? Lock in your answer... find out here: https://lnkd.in/ghH__Vka #salestax #Alabama #SalesTaxTrivia

Happy #FirstDayofSchool for our Jumpstart class! We kicked it off with the fundamental definitions of sales tax, then we built our ground floor with tax base. Are you joining us for Jumpstart? Share something you learned in this first session! #Jumpstart #SalesTax #CareerDevelopment

"Sometimes, you just gotta shut up and listen" Meredith Smith is a Senior Tax Manager at TaxOps, LLC, and is a Woman to Watch in Sales Tax! Diane Yetter interviewed Meredith on her experience dealing with clients, adapting to changing legislation, and staying in the know about tax issues. Watch now! #WomeninSalesTax #SalesTaxNerd #SalesTax

How would you classify these products- Tangible Personal Property, Intangible Property, or Real Property? Understanding your product is key to making sure your company is compliant with sales tax. It’s a big problem when you have to go back and fix a misclassification- these problems just snowball. This also goes for professionals who utilize automation. Automation systems do a lot of the work for you, but if you haven’t set it up properly, your whole process could be filled with messy mistakes. Let’s play a little game- we'll give you an item, and you have to guess if its Tangible Personal Property, Intangible Property, or Real Property. Find the answers in the comments. 1. Desk 2. Office Building 3. Patents 4. Fence Maybe those were easy- but starting with the fundamentals can ensure you find compliance for your company. Let’s kick it up a notch: 5. Livestock 6. Mineral rights 7. Stock certificate 8. Carpet Something you need to keep in mind here: it all depends on the state! As sales tax is a state-based tax, each state can set up their definitions and classifications however they see. For this example, we’re using tax definitions in Illinois. Check the comments- how'd you do? Anything you’re surprised by? Find out why here: https://lnkd.in/gn_is9_q #AccountingTips #Accountants #Finance

Jumpstart starts tomorrow, but it is not too late! Learning on the job is great... to a point. When you’re relying on anecdotal instructions, flimsy resources, and processes that haven’t been updated in years, you could be missing major areas of compliance. Many companies fall victim to this mindset: we do it this way because this is how we’ve always done it. These can come about for plenty of reasons and from well-meaning people. However overworked staff, slashed budgets, or general job pressure can lead employees at all levels to choose what they know. It’s time to break that cycle. Sales Tax Jumpstart is a fast and fresh start for your sales tax compliance. Over the course of 9 weeks, you’ll meet with Diane Yetter and a group of like-minded tax professionals in the same situation as you. Here’s what this class looks like: Session 1 on September 11: Introductions & Definitions, Tax Base Session 2 on September 18: Nexus and Constitutional Provisions Session 3: Self Study Week Office Hours 1 on October 1 Session 4 on October 2: Registration and Streamlined Sales Tax Project Session 5 on October 9: Exemptions and Drop Shipments Session 6 on October 16: Tax Research Tools and Use Tax Accrual Office Hours 1 on October 22 Session 7 on October 23: Sales Tax Compliance Session 8 on October 30: Tax Automation Session 9 on November 6: Audit Defense and Sales Tax Processes Work Plan Class starts TOMORROW- so don’t wait. Build a network with your fellow students and break free of your sales tax struggle! https://lnkd.in/grWx8Ky6 #CareerDevelopment #AccountantsLife #Accounting #AccountingTips #CPA

We commit ourselves to our company values- read how our team celebrates each other! #EmployeeSuccess #Values #SalesTaxNerd

News from Illinois: Card Interchange Fees will soon be prohibited in the state of Illinois. Starting next year, July 1, 2025, Illinois HB 4951 will prohibit these fees. Read more about what these fees mean and how to prepare for the upcoming deadline: https://lnkd.in/gFTp3svz #Illinois #TaxNews #Fees #News